Preserves chinese unity. So we expect that were going to continue to consult in these areas. Even as we recognize tibet is part of the peoples republic of china, we continue to encourage chinese authorities to preserve the religious and cultural identity of the tibetan people and to engage the dalai lama. Finally, we launch a new initiative to boost tourism between our countries in the coming months. Just as children across china learn english, were starting a new initiative called one million strong, to encourage one million American Students to learn Mandarin Chinese over the next five years. Vice President Biden pointed out that two of his children are already on track, two of his grandchildren, actually. After all, if our countries are going to do more to it around the world, then speaking each others language, truly understanding each other, is a good place to start. So overall weve had an extremely productive meeting. The particular work that has been done by our teams shows the extraordinary progress we can make when were working together. The candid conversations between president xi and myself about areas of disagreement help us to understand each other better, to avoid misunderstandings and calculations. President xi, i want to thank you again for expanding your commitment to cooperation between our nations. I believe that its another reminder that as we work to narrow our differences, we can continue to advance our mutual interests for the benefit not only of our two peoples but for the benefit of the world. Thank you very much. Translator president obama, good friends from the press, ladies and gentlemen, good friends, good morning. Its great pleasure to meet with all of you together with president obama. Let me begin by thanking again president obama and the u. S. Government for the gracious hospitality and thoughtful arrangements and warm reception acorded to me and the chinese delegation. I want to thank the American People for the welcome. Yesterday and today president obama had indepth discussions about important topics including international and regional situations. Our meetings are constructive and productive, and we have reached extensive and important consensus. During the discussions, president obama shared with me the domestic agenda and Foreign Policy priorities that he has been working on. And i congratulated him on the progress that he has made in those areas. I appreciate president obamas reaffirmation to me that the United States welcomes the rise of a peaceful, stable, and prosperous china. It supports china to play a bigger role in the international arena. And the United States supports chinas reform and opening up. I indicated to president obama that china is making all around efforts to deepen comprehensive reform, to build lawbased governance, to enforce Strict Party Discipline so as to achieve the grand goal of building a society of prosperity in all respects. The reform and opening up of china will not stop. China is firmly committed to the path of Peaceful Development. It is committed to growing friendship and cooperative relations with all countries in the world. To work with the United States, to build the new model of intercountry relationship, without conflict, without confrontation, with Mutual Respect and winwin cooperation, is a priority in chinas Foreign Policy. We have spoken highly of the important progress made in china u. S. Relations since the summit in 2013. And we have agreed to follow the consensus, expand the practical cooperation in various areas at the bilateral, regional, and lower level, and manage differences and sensitive issues in a constructive manner. We have agreed to deepen the practical cooperation in various areas at the bilateral scope. This includes, we have agreed to vigorously push forward the bilateral investment treaty negotiation, speed up the pace of the work so as to achieve a High Standard and balanced agreement. We will expand mutually beneficial cooperation in energy, environmental protection, science and technology, aviation, infrastructure, agriculture, health, and other areas. The two governments and Relevant Agency have signed many cooperation agreements and our businesses have signed a series of commercial contracts. China and the United States are highly complementary economically. And there is huge potential for further cooperation. We have had indepth discussion on the Current International, economic, and financial situation. We have agreed to step up macroeconomic policy cooperation and jointly promote Economic Growth and financial stability. To this end we have established the mechanism on regular phone conversation on Economic Affairs between china and the United States which will be led by vice premier wong ya of china. They will stay in communication on global issues. We will also step up cooperation within g20 and other multilateral mechanisms. I appreciate the u. S. Supporting including the rmb into the imf special drawing rights when certain standards of the imf are met. And i also appreciate the u. S. Commitment to implement the imf quota and governance structure reform plan adopted at the g20 summit in 2010 at an early date. We have fully affirmed the new progress made in the confidencebuilding mechanisms between the two militaries. We have agreed to step up exchanges and policy dialogues between the two militaries at all levels, hold more joint exercises and training. We believe that terrorism is the common enemy of mankind. And we have agreed to step up multilateral and bilateral counterterrorism cooperation. We have decided to increase communication and cooperation on humanitarian assistance and peacekeeping operations, and also Law Enforcement cooperation to jointly fight against all kinds of corruption and crimes. We have indepth discussion on the asia pacific. We believe china and the United States have extensive common interests in this region and we should continue cooperation in Regional Affairs and Work Together to promote active interactions and inclusive cooperation in the asia pacific, and work with countries in the asia pacific to promote peace, stability, and prosperity in this region. China is committed to the path of Peaceful Development and a neighboring Foreign Policy characterized by good neighborliness and participate with our neighbors. Islands in the South China Sea since ancient times are chinas territory. We have the right to uphold our own territor sovereignty and lawful and legitimate maritime interests. We have a right to manage differences through dialogue and addressing disputes through negotiation, consultation, and peaceful manner, and exploring ways to achieve Mutual Benefit through cooperation. Were committed to respecting and upholding the freedom of navigation and overflight that countries enjoy according to international law. Relevant construction activities that china are undertaking in the islands of the south do not target or impact any country and china does not intend to pursue militarization. China and the United States have a lot of common interests. On the issue of South China Sea, we both support peace and stability of the South China Sea. The countries directly involved should address their disputes through negotiations, consultation, and peaceful means. And we support freedom of navigation and overflight of countries according to international law. And the management of differences through dialogue and full and effect i have implementation of d. O. C. And early conclusion of the consultation based on consensus building. We have agreed to maintain constructive communication on relevant issues. China and the United States are two major cyber countries and we should strength dialogue and cooperation. Confrontation and friction are not the right choice for both sides. During my visit, the competent authorities of both countries have reached important consensus on joint fight against cyber crimes. Both sides agreed to step up crime cases, investigation since, and information sharing. Both governments will not engage in or support online theft of intellectual properties. And we will explore the formulation of appropriate state behavior norms of the cyberspace. And we will establish a highly level joint dialogue mechanism. The fight against cyber crimes and related issues and to establish hotline links. Democracy and human rights are the common pursuit of mankind. At the same time, we must recognize that countries have different historical processes and realities, that we need to respect people of all countries rights to choose their own Development Path independently. The Chinese People are seeking to realize the great renewal of the chinese nation. This process in essence is a process to achieve social equity and justice and advancing human rights. China stands ready to, in the spirit of equality and Mutual Respect, conduct human rights dialogue with the United States, expand consensus, reduce differences, learn from each other, and progress together. We have decided to continue to Work Together to tackle global challenges and provide more public goods for the International Community. We again issued a joint announcement on Climate Change. We have agreed to expand practical cooperation, strengthen coordination in multilateral negotiation, and Work Together to push the paris Climate Change conference to produce important progress. We have signed china u. S. Development cooperation mou and we have agreed to expand trilateral cooperation in asia, africa and other regions in terms of food security, Public Health system establishment, emergency disaster response. And we will implement the post2015 development agenda, promote a more equitable and balanced Global Development partnership, and help developing countries to achieve common development. We have agreed to firmly uphold the International Nuclear nonproliferation regime. President obama and i welcome the comprehensive joint plan of action reached by relevant parties regarding the Iranian Nuclear issue. We reaffirm that all relevant parties should undertake to implement the agreement fully and Work Together to implement all Relevant United Nations Security Council resolutions. We reaffirm our commitment to realize the complete and verifiable denuclearization of the Korean Peninsula in a peaceful way. And we oppose any action that might cause tension in the korean pen insula or violate th u. N. Resolution. We believe the sixparty talks and relevant u. N. Security Council Resolutions should be implemented in full, and all relevant parties should Work Together to firmly advance the denuclearization process of the Korean Peninsula so as to achieve enduring peace and stability in northeast asia. The friendship between the two peoples is the most Reliable Foundation and we should endeavor to solidify this important foundation. We have decided to make 2016 a year of tourism for china and the United States. In the next three years we will fund a total of 50,000 students to study in each others countries. We also welcome the United Statess decision to extend the 100,000 Strong Initiative from universities to elementary and secondary schools, and by 2020, 1 million American Students will learn mandarin. The door of friendship of china will continue to be open to the American People. I also hope that the chinese states for holidays and visits more easily and conveniently. Mr. President , with 36 years of development, the interests of china and the United States are deeply interconnected. And we have greater responsibilities for world peace and Human Progress. There are broad areas that the two sides should and can Work Together. The chinese side stands ready to work with the United States to uphold a spirit of perseverance and advance bilateral relations, to seek further progress to the Better Benefits of the chinese and American People and the people in the world. Thank you. [ applause ] were going to take a few questions. Were going to start with margaret from bloomberg. Reporter thank you, mr. President. President obama and president xi, if i am an American Business being hacked by chinese pirates trying to steal my international promoter, what Firm Assurance can you give me that things are going to get better . President obama, are you satisfied with the steps china is taking to hold off on imposing any new sanctions to this end . What do you still need to see . President xi, can we expect prosecutions of chinese individuals and organizations that have hacked u. S. Businesses . Also, everyone will kill me if i dont ask, what is your reaction to House SpeakerJohn Boehners decision to resign . Will this make life better or worse for you . Are you concerned it will make it more difficult to avoid a government shutdown, and do you think boehner could just waive the rules and get Immigration Reform through before he leaves . Thank you. Ill take them in order. With respect to cyber, this has been a serious discussion between myself and president xi since we first met. And the good news from my perspective is that in the leadup to and then finalized during our meetings here today, we have i think made significant progress in agreeing to how our Law Enforcement and investigators are going to Work Together, how were going to exchange information, how we are going to go after individuals or entities who are engaging in cyber crimes or cyber attacks, and we have jointly affirmed the principle that governments dont engage in Cyber Espionage for commercial gain against companies. That all i consider to be progress. What ive said to president xi and what i say to the American People is, the question now is, are words followed by actions. And we will be watching carefully to make an assessment as to whether progress has been made in this area. With respect to the various tools that we have to go after those who are attacking our companies or trying to extract trade secrets or data, we have traditional Law Enforcement tools. But as i indicated a while back through scuff action, as i indicated a whiling a through executive action we have proof that theyve gone after u. S. Companies or u. S. Persons. And we did not at our level have specific discussions of specific case cases but i did indicate to president xi that we will apply those and whatever other tools we have in our tool kit to go after cyber criminals, either retrospectively or prospectively. Those are tools generally that are not directed at governments, they are directed at entities or individuals that we can identify. And theyre not unique to china. Those are tools that were going to be using for cyber criminals around the world. And president xi during these discussions indicated to me that with 1 37. 3 billion people that cant guarantee the behavior of every Single Person on chinese soil which i completely understand. I cant guarantee the actions of every single american. What i can guarantee, though, and what im hoping president xi will show me is that we are not sponsoring these activities and that when it comes to our attention that nongovernmental entities are engaging in this stuff that we take it seriously and were cooperating to enforce the law. Last point ill make on the cyber issue. Because this is a global problem and because unlike some of the other areas of international cooperation, the rules in this area are not well developed. I think its going to be very important for the United States and china working with other nations and the United Nations and other and the private sector to start developing an architecture to govern behavior in cyberspace that is